The former Saudi oil minister, Sheik Ahmed Zaki Yamani, once warned his OPEC colleagues something Putin should remember: “The Stone Age didn’t end because we ran out of stones.” It ended because we invented bronze tools, which were more productive. The hydrocarbon age will also have to end with a lot of oil, coal and gas left in the ground, replaced by cleaner forms of power generation, or Mother Nature will have her way with us. Putin is betting otherwise.
Posted on: Wed, 26 Mar 2014 11:51:24 +0000
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